ADVANTAGES OF PROGRESSIVE, AN INDEPENDENT TITLE COMPANY:
- Long history of satisfied customers
- Has adopted the American Land Title Association Best Practices recommendation, making us CFPB compliant.
- We are chosen for quality of service and price.
- We are motivated to do a good job for the loan officer in order to keep your business.
- We want to build a relationship with you, and are here to help in whatever way we can.
- When working with us, there is no chance of a class action law suit based on sham affiliates.
THE DANGERS OF AFFILIATED BUSINESSES FOR LOAN OFFICERS:
System under affiliates:
- Loan officer directs business for cash or “return on investment.”
- Loan officer loses independence.
- Loan officer appears to have a conflict of interest.
- If Title company provides poor service loan officer risks commission for minor “return on investment.”
- Loan officer cannot question prices.